Question

Question 18

If specialization and outsourcing can harm domestic workers, why do countries still engage in trade?

Domestic workers can move to a country with a greater need for their skills.

The gains from trade far outweigh the costs, and the economy benefits overall.

Welfare programs can support unemployed workers.

Most workers have little influence on politicians and are ignored.

Shipping companies have a powerful lobby in Congress.

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Question 19

Because of scarcity

choices must be made about which resources to use, but not about which wants to satisfy.

choices can be made about which wants to satisfy, but not about which resources to use.

all choices about wants and using resources must be made by the government.

individuals and societies must choose which wants and needs to satisfy.

individuals and societies are allowed no choice about which wants and needs to satisfy.

Answer 1

18.

Since specialization means a country can produce the same goods with less resources and in less time compare to another country.

But if specialization and outsourcing can harm domestic workers the countries still engage in trade because The gains from trade far outweigh the costs, and the economy benefits overall.

Hence option second is the correct answer.

19.

Scarcity means the resources are limited relation to it wants.

Hence because of scarcity individuals and societies must choose which wants and needs to satisfy.

This is because the resources are limited in relation to the wants. Hence the problem of choice are arises. Therefore  individuals and societies must choose which wants and needs to satisfy with the given scarce resources.

Hence option fourth is the correct answer.

Fourth;  individuals and societies must choose which wants and needs to satisfy.